clock menu more-arrow no yes

Filed under:

Downtown's Pegasus Flies Away

New, 4 comments

The Wall Street Journal reports that developer Kor Group and its equity partner Buchanan Street Partners sold the downtown apartment Pegasus building for $100 million to Chicago-based apartment company Equity Residential. According to WSJ, in 2004 Kor "transformed downtown Los Angeles's landmark General Petroleum headquarters into luxury rental apartments and renamed the project Pegasus"; the project is also "one of the city's biggest multifamily deals in the last year." [WSJ]